That with respect to Report C2024-1097, the following Motion Arising be adopted: That Council direct Administration to reconstitute the Finance and Budget Committee of Council, with a mandate which includes, but is not limited to: Review every business unit Operating Budget, in detail, over each 4-year term; and, Management of service planning and budgeting.
Motion C2024-1097 bundles three council directions: 1) re-create a Finance and Budget Committee to do detailed reviews of operating budgets and oversee service planning each four-year term, 2) reverse the 2023 transit fare freeze so fare changes can resume and move $3,000,000 into the Primary Transit Network, and 3) ask the provincial government to waive Section 358.1 of the Municipal Government Act to avoid shifting tax burden between residential and non‑residential property classes.
These steps increase council oversight of how money and services are planned, could restart changes to transit fares while directing new funds to transit network improvements, and seek temporary provincial relief to prevent tax-class shifts while assessment values rebalance.